Buckhead Capital Management Lowers stake in WestRock Co (WRK)

WestRock Co (WRK) : Buckhead Capital Management reduced its stake in WestRock Co by 8.66% during the most recent quarter end. The investment management company now holds a total of 130,559 shares of WestRock Co which is valued at $6,452,226 after selling 12,376 shares in WestRock Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.WestRock Co makes up approximately 1.20% of Buckhead Capital Management’s portfolio.

Other Hedge Funds, Including , Everpoint Asset Management added WRK to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $494,200. WestRock Co makes up approx 0.01% of Everpoint Asset Management’s portfolio.Evercore Wealth Management boosted its stake in WRK in the latest quarter, The investment management firm added 75,298 additional shares and now holds a total of 543,315 shares of WestRock Co which is valued at $26,285,580. WestRock Co makes up approx 1.10% of Evercore Wealth Management’s portfolio.Blackrock Japan Ltd reduced its stake in WRK by selling 33,993 shares or 9.98% in the most recent quarter. The Hedge Fund company now holds 306,543 shares of WRK which is valued at $13,877,202. WestRock Co makes up approx 0.05% of Blackrock Japan Ltd’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in WRK by selling 132,467 shares or 1.98% in the most recent quarter. The Hedge Fund company now holds 6,562,806 shares of WRK which is valued at $297,098,228. WestRock Co makes up approx 0.05% of Blackrock Institutional Trust Company N.a.’s portfolio.Hosking Partners Llp boosted its stake in WRK in the latest quarter, The investment management firm added 14,200 additional shares and now holds a total of 117,480 shares of WestRock Co which is valued at $5,359,438. WestRock Co makes up approx 0.18% of Hosking Partners Llp’s portfolio.

WestRock Co opened for trading at $49.64 and hit $51.14 on the upside on Monday, eventually ending the session at $50.27, with a gain of 0.98% or 0.49 points. The heightened volatility saw the trading volume jump to 18,36,047 shares. Company has a market cap of $12,643 M.

On the company’s financial health, WestRock Co reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $0.63. The company had revenue of $3611.70 million for the quarter, compared to analysts expectations of $3594.81 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.93 EPS.

Many Wall Street Analysts have commented on WestRock Co. Goldman Initiated WestRock Co on Sep 22, 2016 to “Neutral”, Price Target of the shares are set at $53.

WestRock Company formerly Rome-Milan Holdings Inc. is a packaging company. The Company provides paper and packaging solutions in consumer and corrugated markets. The Company includes customers across the world from around 275 operating and business locations spanning North America South America Europe and Asia-Pacific. The Company’s products and services include consumer packaging corrugated packaging merchandising displays containerboard kraft paper pulp paperboard recycling and waste solutions and specialty paperboard. The Company’s consumer packaging includes the manufacturing of folding cartons and production of coated paperboard and serves markets such as printing and converting solid bleached sulfate and coated recycled board. Its corrugated packaging is engaged in the manufacturing of containerboard containers pre-print and microflute packaging retail displays and automated packaging systems. Rock-Tenn Company is a subsidiary of WestRock Co.